China says retaliation ready if US tariffs go ahead

A man is reflected on an advertisement for Apple's MacBook computer on display near a shopping mall in Beijing, Thursday, Sept. 6, 2018. China's government says it is ready to retaliate if U.S. President Donald Trump goes ahead with plans for another tariff hike on Chinese goods. The Commerce Ministry expressed confidence it can maintain "steady and healthy" economic growth despite their spiraling trade battle. (AP Photo/Andy Wong)
Women are reflected on an advertisement for Apple's MacBook computer on display near a shopping mall in Beijing, Thursday, Sept. 6, 2018. China's government says it is ready to retaliate if U.S. President Donald Trump goes ahead with plans for another tariff hike on Chinese goods. The Commerce Ministry expressed confidence it can maintain "steady and healthy" economic growth despite their spiraling trade battle. (AP Photo/Andy Wong)

BEIJING — China is ready to retaliate if U.S. President Donald Trump goes ahead with a tariff hike on Chinese goods and is confident it can maintain "steady and healthy" economic growth, a government spokesman said Thursday.

The Trump administration is poised to impose 25 percent penalties this week on $200 billion of Chinese goods in an escalation of their fight over U.S. complaints that Beijing steals or pressures companies to hand over technology. China has announced a $60 billion list of American products targeted for retaliation.

"China will have to take necessary countermeasures if the U.S. side ignores the opposition of the overwhelming major of its enterprises and adopts new tariff measures," Commerce Ministry spokesman Gao Feng said.

The two governments already have imposed penalty duties on $50 billion of each other's exports.

Beijing has rejected pressure to scale back plans for state-led development of champions in robotics and other technologies. U.S. officials say that violates China's free-trade commitments and worry it might erode American industrial leadership.

Some Chinese exporters say U.S. orders have declined, but Chinese leaders express confidence the economic impact will be modest. The United States buys about 20 percent of China's exports, but trade has shrunk over the past decade as a share of the Chinese economy.

"We are confident, capable and able to maintain steady and healthy development of the Chinese economy," Gao said.

People also read these

China's Huawei posts slower first-half revenue growth

Jul 27, 2017

China's Huawei Technology says first-half revenues at telecom gear, smartphone businesses expand at...

Hong Kong shuts down as powerful typhoon sweeps past

Aug 23, 2017

A powerful typhoon has forced offices and schools to close and canceled hundreds of flights on Hong...

EU Chamber warns China: Open economy faster or risk backlash

Sep 19, 2017

A business group is urging China to carry out promises to open its economy and warned inaction...

The Latest: Tibetan group protests at China Embassy in India

Oct 18, 2017

Members of the Tibetan Youth Congress protested at the Chinese Embassy in New Delhi as China's...

Following Trump's report, China urges US to accept its rise

Dec 19, 2017

China's government has criticized President Donald Trump's decision to label Beijing a rival and...

AseanCoverage is a next-gen news site focusing exclusively on online news from South East Asia.

Contact us: sales[at]aseancoverage.com